Canadian Western Bank (TSE:CWB) – Stock analysts at Cormark boosted their Q1 2018 EPS estimates for shares of Canadian Western Bank in a research report issued to clients and investors on Friday. Cormark analyst M. Grauman now expects that the company will post earnings of $0.72 per share for the quarter, up from their previous forecast of $0.69. Cormark also issued estimates for Canadian Western Bank’s FY2018 earnings at $3.00 EPS.
CWB has been the subject of a number of other research reports. National Bank Financial raised their price target on shares of Canadian Western Bank from C$32.00 to C$35.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 31st. Eight Capital reaffirmed a “buy” rating and issued a C$41.00 price target on shares of Canadian Western Bank in a report on Wednesday, December 6th. BMO Capital Markets set a C$33.00 price target on shares of Canadian Western Bank and gave the stock a “market perform” rating in a report on Thursday, November 16th. Scotiabank raised their price target on shares of Canadian Western Bank from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a report on Friday, December 8th. Finally, Canaccord Genuity increased their price objective on shares of Canadian Western Bank from C$38.00 to C$40.00 in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$39.08.
Canadian Western Bank (TSE:CWB) opened at C$37.77 on Monday. The stock has a market cap of $3,350.00, a price-to-earnings ratio of 15.61 and a beta of 1.05. Canadian Western Bank has a fifty-two week low of C$23.68 and a fifty-two week high of C$40.83.
Canadian Western Bank (TSE:CWB) last posted its quarterly earnings results on Thursday, December 7th. The company reported C$0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.67 by C$0.07. The business had revenue of C$195.12 million during the quarter, compared to analysts’ expectations of C$188.80 million. Canadian Western Bank had a net margin of 33.13% and a return on equity of 11.23%.
In related news, insider James Jeffrey Bowling sold 1,500 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of C$38.13, for a total transaction of C$57,195.00. Also, insider Allen David Stephen sold 1,450 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of C$40.52, for a total transaction of C$58,754.00. Insiders sold 5,238 shares of company stock worth $155,949 in the last quarter.
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About Canadian Western Bank
Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. The Bank offers financing solutions through CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage, trust services through Canadian Western Trust and wealth advisory services through CWB Wealth Management.
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